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Finance

Japan Exchange Group cleared to adopt fintech

TSE already has plans to test blockchain-based trading

TOKYO -- Japan Exchange Group will be allowed to use such financial technology as blockchain that could make trading more efficient.

The Financial Services Agency had previously limited JPX subsidiaries to activities directly linked to exchange operation, such as system development. The new, broader interpretation of their duties allows the group to introduce technology that contributes to the smooth running of trading platforms. The FSA will approve fintech adoption on a case-by-case basis.

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